Robert Fisher Sells 500,000 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) Director Robert Fisher sold 500,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $27.45, for a total value of $13,725,000.00. Following the transaction, the director directly owned 2,329,502 shares of the company’s stock, valued at $63,944,829.90. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

GAP Stock Performance

Shares of GAP opened at $26.50 on Friday. The stock has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $22.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.72. The stock has a market capitalization of $9.86 billion, a PE ratio of 11.83, a PEG ratio of 2.99 and a beta of 2.28. The Gap, Inc. has a 1 year low of $16.99 and a 1 year high of $29.29.

GAP (NYSE:GAP) last released its earnings results on Tuesday, November 25th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. GAP had a net margin of 5.57% and a return on equity of 24.91%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that The Gap, Inc. will post 2.02 earnings per share for the current fiscal year.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 7th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, January 7th. GAP’s payout ratio is 29.46%.

Institutional Investors Weigh In On GAP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAP. Root Financial Partners LLC acquired a new stake in shares of GAP in the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC acquired a new stake in GAP during the 3rd quarter worth $35,000. Brooklyn Investment Group acquired a new stake in GAP during the 1st quarter worth $80,000. Covestor Ltd purchased a new position in GAP during the 1st quarter worth $82,000. Finally, Plato Investment Management Ltd acquired a new position in GAP in the first quarter valued at $121,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GAP shares. Citigroup boosted their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, November 24th. Bank of America upped their price objective on GAP from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Jefferies Financial Group upgraded GAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $22.00 to $30.00 in a report on Friday, November 14th. Wells Fargo & Company boosted their target price on GAP from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, November 21st. Finally, JPMorgan Chase & Co. upped their price target on GAP from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.57.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.